Lakeia Hall hosts youth credit academy and teaches financial literacy

Growing up, Lakeia Hall didn’t understand credit and believed that becoming a homeowner would be a dream she would have achieved in old age.

“I grew up knowing nothing about financial literacy,” Hall said. “I had a tough life. I got married when I was young at 18, we pretty much got by. We took it upon ourselves to educate ourselves.

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In 2018 she started working with Credit Repair and in 2019 Hall and her husband became owners. She was 25 years old.

Hall, who graduated from Ridge Community High School in 2013, wanted to help others access homeownership.

“It’s tangible,” she said. “It’s not something we can’t get. You can have good credit and become a homeowner.

In 2021, Hall, 27, decided to take things a step further and teach young people about credit. She opened Hall’s Credit Academy in 2021.

“I have a financial literacy school where I teach kids how credit works, how money works, how to buy a house, how to fill out a checkbook, all kinds of activities to help them understand situations in the world real,” Hall said.

Lakeia Hall is the owner of Halls Credit Academy where she teaches financial literacy to young people at Oakland Neighborhood Academy in Haines City Fl. Monday, May 2, 2022. ERNST PETERS/THE BIG NEWSPAPER

Hall and her husband strive to be transparent with their own children when it comes to household finances.

“We have two kids and we just wanted the best for them,” Hall said. “We wanted them to have financial knowledge.”

Hall encourages other parents to start having conversations with their kids about their finances.

“It’s OK to be transparent about the money in the house,” Hall said. “There’s nothing wrong with letting them know” is this month’s budget, this is what we spend on groceries. “”

Halls suggests showing kids how to pay bills, helping them manage an allowance, and encouraging them to read books about money.

“Just like there are rules for everything else, there are rules for money,” she said. “Every dollar has an assignment. We control our money, so we have to tell every dollar where to go and what to do.

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Currently, Hall’s Credit Academy runs summer courses for 10-18 year olds.

“My goal is to prevent more kids from growing up without financial literacy,” Hall said. “I wanted to make sure that we instill that knowledge in them and that they know how to budget properly and use credit to get rich.

For the 2022-2023 school year, Hall is partnering with schools in Haines City and Davenport to create an after-school financial literacy program.

“I want to reach as many children as possible,” she said. “Not only do I want to make an impact in Polk County, but I want to expand outside of Polk County, hit central Florida, and then go state-to-state.”

Classes for Hall’s Credit Academy begin June 6 and will be held every Monday and Tuesday from 4-6 p.m. Participants will meet at the Oakland Neighborhood Center at 915 East Avenue in Haines City. Anyone interested in participating in the program must register before May 31 by visiting www.hallscreditacademy.com.

Breanna A. Rittman writes stories for The Ledger. Send your feature ideas to [email protected]

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